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News & Events
Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Reduction of non-performing loans in the Cyprus banking sector
On 15 October the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 30 June 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded. During the month […]
Entry Into Force Of The New Double Taxation Agreement Between Cyprus And The United Kingdom
[gdlr_row] [gdlr_column size=”1/4″] [/gdlr_column] [gdlr_column size=”3/4″] Oct. 16, 2018 Author: CONSTANTINOS CHRISTOFI Law Firm: Elias Neocleous & Co LLC Publisher: Global Tax Weekly Practice area: CORPORATE AND COMMERCIAL [/gdlr_column] [/gdlr_row]
Running for the community
More than 30 members of staff of Elias Neocleous & Co LLC took part in the international “Run in color” 5 km run, which was held in Limassol on 13 October 2018. Run in Colour launched “Lemesia 2018”, a major international sporting event, organised for the nineteenth consecutive year by the Limassol Municipality. All proceeds […]
Submission of 2017 tax returns
The Cyprus Tax Department has published a further reminder that 31 October 2018 is the final date for employees and self-employed individuals with an annual turnover below € 70,000 to submit their tax return for the year 2017 and to pay any tax due for the year. Tax returns and remittances must be submitted electronically. […]
The Cyprus Securities and Exchange Commission’s new Innovation Hub
In July 2018 the Cyprus Securities and Exchange Commission (“CySEC”) announced its plan to establish an Innovation Hub focusing on FinTech and RegTech developments, aimed at fostering a closer, more effective relationship with entities operating in these rapidly-evolving sectors and improving the way they are regulated. Through the Innovation Hub both regulated and non-regulated entities […]
Entry into force for Cyprus of the Ballast Water Management Convention
The Cyprus Deputy Ministry of Shipping (DMS) has announced that the International Convention for the Control and Management of Ships’ Ballast Water and Sediments (Ballast Water Management Convention) will enter into force for the Republic of Cyprus on 8 November 2018 pursuant to Article 18.3 of the Convention. A translation into English of the law […]
Electronic submission of corporate income tax returns
The Cyprus Tax Department has announced that with effect from 20 September 2018 corporate income tax returns for the tax year 2017 may be submitted online through the Taxisnet portal. Returns must be submitted by 31 March 2019. For further information please contact Constantinos Christofi or your usual contact at Elias Neocleous & Co LLC.
Introducing our newly-qualified associates and trainees
Our people are our most important asset, and key to providing the best service and advice to clients. We believe in developing our talent from within the firm: we recruit the best graduates from leading universities, provide them with the best training and support and offer them unlimited career prospects. We congratulate our 2017 cohort […]
Removal of Palau from EU list of non-cooperative tax jurisdictions
On 2 October 2018 the committee of European Union finance ministers agreed to remove the Pacific island of Palau from the EU list of non-cooperative tax jurisdictions not meeting required standards of transparency and good practice. When it was issued in December 2017 the EU blacklist included 17 jurisdictions, but several have been removed after […]
Entry into force of the new double taxation agreement between Cyprus and the United Kingdom
The new double taxation agreement between Cyprus and the United Kingdom entered into force on 18 July 2018 following completion of the requisite ratification procedures. The provisions of Article 25 (Mutual Agreement Procedure) and Article 26 (Exchange of Information) took effect immediately from 18 July 2018, without regard to the taxable year or chargeable period […]
Countdown to the Limassol Economic Forum
The Limassol Economic Forum will take place on Friday, 19 October at the Four Seasons Hotel in Limassol. As in previous years, Elias Neocleous & Co LLC will be a principal sponsor of the event. Now in its ninth year, the forum is the biggest and most important business gathering in Cyprus, and has become […]
The Cyprus Funds Roadshow – presenting the opportunities offered by the new Cyprus law on investment funds
A team from our firm, led by managing partner Elias Neocleous, played a key role in the Cyprus Funds Roadshow, which took place on 19 September 2018 at the Thomson Reuters Auditorium in Canary Wharf, London. The event presented the opportunities that Cyprus offers following the enactment of the new law on alternative investment funds […]